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Google Inc. Announces First Quarter 2013 Results

Google Inc. Announces First Quarter 2013 Results

Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2013. Q1 Financial Summary Google Inc. reported consolidated revenues of $13.97 billion for the quarter ended March 31, 2013 , an increase of 31% compared to the first quarter of 2012. Google Inc. reports advertising revenues, consistent with GAAP, on a [...]

The saga of declining Apple stocks

Apple is having a bad, very bad week. This morning their stock went down by more than 5% and the shares fell below $400 for the first time since December 2011. The reason this time being fear sparked among investors over reduced iPhone and iPad demands, as projected by a chip suppliers’ reports. Cirrus Logic [...]

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Samsung cashback scheme announced for five major Galaxy products

This week, new Samsung product buyers get the added advantage of getting 15% cash back on the following – Samsung Galaxy Note 800, Galaxy S III, Galaxy Note II, Galaxy Grand and Galaxy Camera. Details of Samsung CashBack Scheme If a customer makes a purchase with ICICI or Standard Chartered credit card, they can avail [...]

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Cobrapost sting Operation: Clean chit to banks by RBI shows it is trying to hide things

There is no scam that has happened. Let us not unnecessarily downgrade ourselves. Our system to prevent money laundering is perfect. – RBI Deputy Governor K C Chakrabarty, March 21. The sting operation by investigative website Cobrapost, code named Operation Red Spider had revealed that three major banks in our country were massively involved in [...]

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Honda car prices to go up in India

Honda car prices will be raised by up to 2% in April this year. The decision has been taken by Honda Cars India Ltd to offset cost of on-board diagnostics compliance and freight increase. Exact details of the final prices of the various car models have not yet been finalised. At present Honda is selling [...]

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Fraud lands Larsen & Toubro in trouble: Barred by World Bank for six months

The Indian multinational conglomerate Larsen & Toubro (L&T) has been barred by World Bank for six months. This means that the company cannot do any business with the international financial institution or involve in any projects funded by it. The decision was taken when it was discovered that a senior executive in L&T had indulged [...]

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Yahoo! joins hands with Google for online advertisements

Imagine you are searching for boots on Yahoo! and you get an advertisement related to car batteries, will you click it? No. But Yahoo! unfortunately does not have so many advertisements in its own inventory to display all contextual ads. And contextual ads are most powerful in drawing revenue for a company. So in a [...]

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Apple not going strong, Q1 numbers bring down market shares

Apple Inc CEO Tim Cook insists that we must not believe in rumors. Especially those rumors that make it look like Apple is being left behind in a race. The Q1 sales have been released and it was astounding to note that 47.8 million Apple iPhones were sold in the first quarter of the fiscal [...]

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Apple loses another lawsuit in China

A group of eight authors who call themselves China Written Works Copyright Society had earlier this year filed a lawsuit claiming that certain apps that were hosted in the App Store were selling pirated e Books. The group was seeking 10 million Yuan in damages but in the court hearing, Apple has been asked to [...]

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Ratan Tata hands over the reins to Cyrus Mistry

The business world looks on eagerly as Ratan Tata retires on his 75th birthday, leaving the legacy to be handled by the very able Cyrus Mistry. The man, Ratan Tata had transformed the normal corporate house into a billionaire conglomerate. And in the journey amassed immense respect and admiration from fellow corporates as well as [...]

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